Narcissism is generally considered an individual personality trait. However, in this study we suggest that narcissism may become institutionalized to the extent that a narcissistic organization emerges. We also propose, counter to the negative perceptions of narcissism, that narcissistic organizations experience largely positive firm outcomes. In study one we develop an organization-level narcissism construct and develop a 30 item scale to measure it. In study two we find that the relationship of organization-level narcissism with financial, efficiency and human resource outcomes is largely positive. The exception to this was the negative relationship found between organization-level narcissism and human resource outcomes.